7 unchanged sentences
To manage interest rate risk, we have used, and may in the future use, interest rate swap agreements.
−Removed: At September 30, 2024, we had $114.2 million of principal outstanding under the Term Loan Facility, without regard to unamortized debt issuance costs and discount.
+Added: At March 31, 2025, we had $114.3 million of principal outstanding under the 2021 Term Loan Facility without regard to capitalized debt issuance costs.
A one-percent increase in one-month SOFR would have resulted in a net increase in interest expense of $1.1 million on an annualized basis.
−Removed: At September 30, 2024, using Adjusted Term SOFR plus a 2.00% spread, any borrowings under the ABL Facility would have been at a 7.197% interest rate.
+Added: At March 31, 2025, based on a one-month Term SOFR Rate, the interest rate on outstanding borrowings under the ABL Facility was 5.92%.
Foreign Currency Risk
2 unchanged sentences
Additionally, we are party to third party and intercompany loans, payables, and receivables denominated in currencies other than the U.S.
−Removed: To help reduce exposure to foreign currency fluctuation, we have incurred debt in euros in the past.
Various strategies to manage this risk are available to management, including producing and selling in local currencies and hedging programs.
−Removed: We did not hold a position in any foreign currency derivatives as of September 30, 2024.
+Added: We did not hold a position in any foreign currency derivatives as of March 31, 2025.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.